BakerDAO Yeild Farming APY up to 1391%（July 08,2021）

Thursday, July 8, 2021

After passing the audit of CertiK, a well-known audit institution, the BakerDAO yield farming and borrow protocol, which is a decentralized stablecoin protocol on BSC, was successfully launched at 19:00 on June 19, 2021. Under the adverse situation of the downward market, the TVL is up to US $30 million, and the system has been running healthily and stably. It is reported that the net income of MakerDAO, the Ethereum decentralized stablecoin project, was $9.37 million USD in June, and the stablecoin issued exceeded $5 billion USD. Relying on the efficient, low gas cost and innovative economic model of the BSC chain, BakerDAO has huge market potential. Next, let's take a look at the latest data of BakerDAO's yield farming and borrow.

BKR Yield Farming Data

BKR yield farming has been concerned by all parties since its launch, and has become a new star of DeFi project. Until 12:00 on July 8, various data is as follows:

• Current TVL：5,354,626 USD

• Highest TVL: 28,729,921 USD

• BKR holders：6,154 addresses

• Rewarded BKR Number: 45,019

The latest detailed mining data of some pools are as follows

Ore pool	TVL（USD）	APY
BKR-WBNB LP	37,448	1,376.2%
BKR-USDT LP	34,201	1,391.0%
BAI	1,696,373	47.5%
BUSD	932,919	17.0%

To view more data: https://farming.bakerfi.com/

BAI Borrow Data

Since the launch of BAI borrow, until 12:00 on July 8, the BakerDAO team has ensured the healthy and stable operation of BAI's system through efficient and scientific community governance, and has withstood several sharp drops. The latest data of BAI borrow are as follows:

• Total BAI supply：2,757,941 BAI

• Total value of collateral: 3,088,342 USD

• BAI holders：6,069 addresses

• Vaults Number: 166

• Mortgage Rate: 111.98%

• System b 、Debt ：0 BAI

To view more data: https://app.bakerfi.com/borrow

About BakerDAO: BakerDAO is an upgrade MakerDAO protocol on Binance Smart Chain(BSC). It is a multi-collateral stablecoin borrow system on BSC, which allow users to generate decentralized stablecoin BAI by leveraging collateral assets like BNB, BUSD, ETH, BTC and so on. Excess collateral, self-balance system, liquidators and other ecosystem participants ensure that 1 BAI is soft-pegged to 1 USD. BKR is the decentralized governance token of BakerDAO, and its holders can use it to initiate proposals and vote to govern the major events or decide development directions for BakerDAO.